Wills
Making a Will is a crucial component of your estate planning. It enables you to designate who should inherit your home, money, and other belongings. Once set up, it protects your loved ones from undue stress, delays, and costs when it comes to receiving their lawful inheritance.
What do you need to consider?
You may believe that while writing a Will, you only need to specify who you wish to leave your home, property, and investments to. If you have a large number of beneficiaries, you'll need to think about how your estate will be divided and who will inherit those sentimental goods. However, there are also more things to consider, such as:
- Who would make a good executor
- Choosing the age at which your children or grandchildren inherit
- Appointing Guardians for your children if you pass before they are 18
- Leaving specific gifts and/or legacies to people or charities?
- Choosing the age at which your children or grandchildren inherit
These are just a few of the things to think about, and we can assist you in making sure nothing is left to chance and everything is just how you want it.
What if I don't have a will?
If you die without a Will, a set of regulations govern who will receive your belongings. This may make dealing with your Estate more difficult and distressing for you and your family.
As a result, everyone should have a legitimate Will, especially if they own property, are single, married, have a civil partnership, or have a long-term companion. This is also true if you have children or other dependents, or if you want to leave something to someone who isn't a close relative.
